Gold prices dip - VnExpress International

AI desk brief

Gold eased in Vietnam and globally after hotter-than-expected inflation data and a rally in oil reinforced expectations for a Fed rate hike this week. Saigon Jewelry Company gold bar fell 0.21% to VND145.3 million/tael and gold rings slipped 0.2% to VND146.5 million/tael; local gold is down 4.91% year to date.

Spot gold was up 0.10% at $4,302.70/oz after a 1.15% drop on Monday. Markets are pricing about a 93% chance of a Fed hike, which is pressuring bullion via higher real rates and reduced appeal for non-yielding gold.